Piper Sandler lowered the firm’s price target on BlackLine (BL) to $58 from $60 and keeps an Underweight rating on the shares. The firm says that eroding Q4 metrics exacerbated by FX and increasing deal scrutiny combined with a tepid 2025 outlook that was $10M below consensus on 7.4% mid-point growth suggest further growth challenges lie ahead to the BlackLine model.
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